First, is it good for listed companies to issue bonds?
The issuance of bonds by listed companies is neutral information, the placement of convertible bonds and one of the means of financing for listed companies.
The convertible bonds that listed companies decide to issue to shareholders who hold their own shares are debt matching. All investors who hold the shares of the listed company will be given the priority allotment right according to the proportion of their shares: the number of assignable hands in Shanghai stock market = the number of shares held on the registration day after the market closes × the allotment ratio/1000; The number of shares that can be placed in Shenzhen Stock Exchange = the number of shares held on the base date after closing × the placing ratio/100. Investors can buy the corresponding amount of convertible bonds as long as they pay the full amount of funds on the day of allotment after obtaining the allotment. You don't need to draw lots to get the right to buy like other investors.
Whether a listed company issues a rights issue is good or bad is related to the purpose of raising funds, but has nothing to do with the rights issue. If a listed company announces that the proceeds from the rights issue will be used to develop new products and replace advanced equipment, then this is good news. If the announcement issued by listed companies is vague, or the specific use of funds is concealed, and funds are raised for the purpose of circling money, the follow-up events are naturally bad news. Specific news needs to be identified by investors themselves.
Second, do you want to buy debt?
The right to purchase debt allotment is in the hands of investors, who can comprehensively consider whether to buy debt allotment issued by listed companies according to their own available funds, investment needs, operating conditions of issuing companies and stock trends.
If investors want to buy bonds, they only need to leave enough funds in the stock account. On the day of purchase, he can enter the debt allocation code and debt allocation amount he wants to buy in the investment interface. Even if investors do not participate in debt distribution, there will be no negative impact. It just means that investors give up the right to subscribe for convertible bonds issued by listed companies. After the subscription date, the debt distribution will automatically disappear.
How investors decide whether to buy debt;
1, depending on the amount of funds available to investors. If the amount of funds in the hands of investors is tight and there is no extra money to buy bonds, then investors can give up the allocation of shares. If investors have sufficient funds and are optimistic about the future development of listed companies, they can participate in the placement and purchase creditor's rights.
2. Look at the investment needs of investors. Ordinary bonds have lower risks and lower relative returns. If investors want to get a relatively stable and high income, they can buy matching bonds, which can not only repay the principal and interest at maturity, but also convert shares during the conversion period, which can meet the needs of investors in many aspects. If investors pursue higher returns and want to make full use of capital investment, they can also choose high-risk and high-yield investment methods such as stocks and options instead of buying bonds.
3. Look at the operating conditions of the issuing company. If the company's operating conditions are general, debt financing will reduce risks and will not help the company's future development. If investors are not optimistic about the financing results and the subsequent development of the company, they can choose not to buy matching bonds. If the company is in good operating condition and issues bonds to raise funds to expand the company's business and enhance the company's development potential, investors can choose to buy.
4. Look at the trend of the stock. When the stock trend is not good, some companies will issue bonds in order to save the stock price and reduce losses. If investors don't think that the company's share price is undervalued, there is still the possibility of subsequent decline, and they can choose not to buy matching bonds. If bonds are issued by growth stocks with good performance, such as blue chips and red chips, and the stock trend is stable, investors can consider buying bonds.